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4601  Bitcoin / Bitcoin Discussion / Re: Mediocre/People. on: October 06, 2020, 04:40:12 PM
The issue is that many middleclass people don't even know what bitcoin is and the rest know what it is but are ignorant to do a research and find out what it actually is.
They are under the impression that bitcoin is illegal money used for scams and buying illegal things but that isn't the truth as we know it.
There are others who know what actually bitcoin is but don't use it since it is not legalized in their countries.
And then there are the rest of us who actually use bitcoin.

So there are actually many things that bitcoin passes through before it reaches the people who knows how potential it is.
But as years pass by, bitcoin's reach is spreading far to many people.
4602  Economy / Gambling discussion / Re: Gambling License on: October 06, 2020, 04:19:43 PM
One thing many pro and casual gamblers like us always look for is whether the online casino is licensed or not but do we care where it was registered?

I noticed many online fiat or crypto casinos are registered under the Government of Curacao and I've read they're shady regulators. They accept casinos that will host fake games or casinos that will accept players from supposedly restricted countries.

Questions:
1. As a gambler, how do you gauge the legitimacy of a Curacao registered online casino or in other jurisdiction with zero or little regulation?
2. Is it enough that they offer provably fair games?
3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?

.......

Would it make any difference to you if they're registered in Malta or UK where regulations are said to be of the highest standards?

It actually depends from person to person whether the license matters to them or not. Most of the times if the gambling is reputed enough then it's sufficient for the gambler to sign up and start gambling on that site. Gamblers generally don't look at the license but yeah they do look if the site has proper provably fair system implemented or not. Nowadays many sites already have verfiers present to check if they have provably fair correctly implemented or not.
4603  Economy / Gambling discussion / Re: Question: Is there any websites where I can gamble crypto under 18? on: October 06, 2020, 03:58:56 PM
Finding a site to gamble is not a tough job. With just a few clicks you will easily find out the sites where you can do a sign up and start gambling but what is important is that you are dealing with real money here. That is something you should NOT consider to do if you are under 18. You should NOT do it because this is a very young and tender age to do mistakes.
You would not want losing all your money in gambling because you will surely end up doing mistakes. So I would rather suggest you to join some practice sites where you can play the same games but with the game money and not the real money. This way you can actually learn how to play these games and when you become a pro then may be in future when you become adult enough then you can try gambling with real money. Still, we must know what we are doing and that gambling is always risky.
4604  Economy / Gambling discussion / Re: Why do people keep playing unlicensed, illegal slot machines? on: October 06, 2020, 03:49:18 PM
If the use of any illegal thing is increasing day by day then it only means that it is readily available and easily usable in the market.
The owners place these illegal slot machines because it is readily available, easy to tweak, lower installation cost and they know that the customers would surely use it.
The main reason behind it is that the gamblers would lose some money and go away but these small gambles would generate a bigger income for the owner.
4605  Economy / Services / Re: Roobet.com | Art Contest "Hand Drawn" - $1250 up for grabs! Ends October 5th on: October 05, 2020, 04:55:19 PM
Here's my attempt for contest. This is the first I am taking part in art contest. So yeah  Tongue

Mr.ROO's Dream comes true


The Rough Sketch




Half way there




Mr.Roo's Dream comes true




Roobet Username : buzz08


4606  Bitcoin / Bitcoin Discussion / Re: Quantum resistance on: October 05, 2020, 03:29:39 PM
The company Dwave is now shipping $15M quantum computers with 5000Qbits of processing power. For comparison, the rest of the vendors are at ~50qbits. I know that $15M is quite a lot of money, but in 2 year that figure will be half. As you probably know, quantum calculations can be multiple times faster than any computer we have today. What are the plans for Bitcoin to continue to exist?
A qauntum computer does not necessarily perform calculations for all the algorithms. I have read somewhere on the internet that it is not necessary that a quantum computer will be able to crack bitcoin's private key until it is able to break bitcoin's algorithm. We might have more time until this happens. Also, we do have the ability to create a quantum proof algorithm for bitcoin but that will take good amount of efforts, skills and time.
It has been a long debate whether all these possibilities can occur or not and to be honest only time can tell us whether the current bitcoin algorithm can penetrate quantum computers or not.
4607  Bitcoin / Bitcoin Discussion / Re: Yeees it's happening on: October 05, 2020, 03:21:43 PM
I'm still wondering how complex it is.
Looks fairly standard from the instructions on their website: https://rockitcoin.com/faq/how-to-buy-bitcoin-at-a-rockitcoin-atm

Interestingly, from the website, it seems you only need to provide a phone number and no other ID. However, the picture you have shared includes the words "Photo of your ID giving you trouble?" I can't find any information on the website regarding KYC or buying limits. Has anyone used one of these Rockitcoin ATMs? Can you buy anonymously?

If you try to buy online through their website, you get quoted a price which is almost 15% higher than the going rate, so I assume their ATMs charge a similar premium.
The screen does show a QR code to create a new wallet so may be the when wallet is created the phone number we provided is getting linked to it and whenever we buy/sell our bitcoins we only need to enter the phone number to get the transaction done through our wallet.

We had just one Kiosk installed in our country but officials took it down since the owner didn't have the permission to call it as an ATM.

No wonder the fees are high for doing a transaction via crypto ATM/Kiosk. I just consider it as an awareness method while it is better to buy/sell crypto online.
4608  Bitcoin / Bitcoin Discussion / Re: It is possible that bitcoin will use nowadays in cash less transaction? on: October 05, 2020, 03:14:13 PM
Nowadays government thinking is a cashless society to avoid corona virus spread out to the community or society. It is possible that the bitcoin will used in different transaction? Many country nowadays are imposing the system of cash less basis of any transaction. Specially, particular in buying commodities in the department store, petroleum product in gasoline station. even in transportation government impose a cash less payment. Since bitcoin is one of the most popular digital currency in the world, do you think government adopt bitcoin as form payment in cash less transaction in our society?
I wish what you said would be true but sadly it isn't because the many Governments are against bitcoin which is why they are not legalizing it in their countries.
The motive for Governments encouraging cashless transactions is different and I don't think they will approve bitcoin as a payment method any time soon.
Bitcoin is to track and it's volatility is currently high for payments and this is why many merchants don't prefer bitcoin as a payment method.
Governments will only encourage their fiat payment methods for digital transactions now but as transactions get digital in future we might have the chance to see bitcoin as a payment method.
4609  Economy / Service Discussion / Re: Do they use our computers for CPU mining? on: October 05, 2020, 03:06:26 PM
Ubuntu is more graphical in nature than other linux distros. So it will consume more GPU power and besides that you should have also mentioned your system config since that would have given us more info on your system performance. Low end CPUs generally get high temperature quicker. You can try using another browser to see if the results are the same.
If the problem persists then try reinstalling the OS. Make sure to backup your data if you reinstall the OS.
Also, you can use a tool called "Glances" which is available for Ubuntu to see a detailed analysis on CPU and GPU temperatures.
4610  Economy / Gambling discussion / Re: Gambling is Addictive...Pay Attention to your Gambling Habit!!! on: October 05, 2020, 02:56:30 PM
Your friend is in serious need of help and he should definitely undergo a treatment for it otherwise this addiction could cause him serious problems in real life.
I am not saying that your friend should consult a doctor but may be you can help him to control his gambling habit by doing mediation and learning how to self control.
You guys can go short trips where you guys should not use your phones or laptops until you are on the trip. This will give your friend a break and he might feel better.
Also, he should learn the skill how to manage money since he spends all his money on gambling.
In this situation, only you are the one who could step up for your friend and make him quit his gambling addiction.
4611  Economy / Trading Discussion / Re: Is it worthwhile to trade the cryptocurrency on IQ Option? on: October 04, 2020, 04:51:10 PM
It actually depends on many factors for example if you are a newbie then it would be better for you to try to practice normal trading first and then go for Options trading because that involves bigger risks than normal trading. Options trading is basically like gambling and you have to be lucky if you want to generate good profits else you will end up losing everything you have.
If you are a professional trader and are trying options trading for the first time then you can try doing it on reputed exchanges first and then may be other platforms to be on the safer side.
4612  Economy / Trading Discussion / Re: I have Good advice for investors on: October 04, 2020, 04:31:13 PM
If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.

You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!! 

If you Want to be successful trader you better learn hard as you can the techicals.
It might be true to some extent but technical analysis is not the only thing that drives the market forward.
Crypto trading depends on many factors and we must know all of it to predict the market's next move.
The fundamentals play an important role too and I have noticed many times that the trend is set based on the global news and events based on crypto.
Technicals does help us a little but one must focus on all the other aspects as well to gain more profits from their trades.
4613  Economy / Trading Discussion / Re: Florida man charged with scamming investors out of $6.8M in crypto trading schem on: October 04, 2020, 04:19:33 PM
I would rather say it is the investors fault because they transferred the money to his account without properly researching on him and trusting him so easily.
Yeah I know it must be tough to find it out since the guy used fake statements but we must know that anybody can use a photoshop to create fake images and statements.
This is why we should not trust anybody on the internet since it is filled with fake people.
4614  Economy / Gambling discussion / Re: Are you a high roller? on: October 04, 2020, 04:03:22 PM
Well not really. We need to have high capital to become a high roller and I invest only a certain amount for entertainment purpose.
Going limitless sometimes makes us choose wrong decisions and that's what I have learnt over these years.
I would prefer to win decent amount multiple times from smaller bets rather than huge amounts from huge bets few times.
In the end, only if we are lucky then we would get good profits.
4615  Economy / Gambling discussion / Re: everything can happen on bitvest on: October 04, 2020, 03:48:17 PM
OP just posting the screenshot and writing anything about it can lead to misinterpretations. Try to add few points mentioning why you have posted the image.

It's good to know that you have won such a big jackpot. It's almost 5000x times your bet amount and you must be really lucky to win such an amount. Congratulations.
Well it's not just about bitvest anyway. We have seen many people winning big in different casinos. You just have to be really lucky for it  Grin
4616  Local / India / Double Spending vs Rebroadcasting a transaction on: October 04, 2020, 02:31:27 PM
I was having a discussion on another thread when a forum user quoted my post and said that Double Spending and Rebroadcasting a transaction are two different things.

It's not cancelling a transaction it's basically rebroadcasting a transaction. It's like redoing your homework when you did it incorrectly the first time.
Double spend is a bit different from a typical rebroadcast. In double spend you're not rebroadcasting as a new transaction is created with a different output and a much higher fee.

Well I thought that they are one and the same but I did a little search and found little differences in them.

Double spending is when a person is making a transaction with a lower fees to person X and again doing a second transaction with a little higher fees to person Y so that the second transaction gets confirmed sooner and the first one is rejected by the miners and becomes invalid in the blockchain.

Rebroadcasting a transaction is when the person has done a transaction and it is not getting confirmed in the blockchain then he is rebroadcasting the same transaction to the blockchain so that it gets confirmed.

Could somebody confirm on this info and add some more points and may be some differences between them so that one could differentiate it easily.
4617  Economy / Trading Discussion / Re: Which type of trading you think is good? on: October 03, 2020, 04:46:23 PM
I'd say it depends on the markets. If there are no fundamental changes (good/bad news) in a week or so, TA would be reliable (to some point), assuming volume is not an issue. If that's not the case, I'd trade on news. If that's not the case either, I'd step away from the market and chill for a while.
That's pretty much it. That's the strategy I had in mind while reading OP but I generally hold for long term. I do miss out the short term benefits but I feel it's okay because I don't put in much time to trade.
If I would then this would be the strategy I would follow because crypto is a highly volatile market and is mostly based on the global news.
The market acts more on news and events and less on technical factors. Swing trading along with prediction based on news would yield better results in my opinion than doing normal technical analysis.
4618  Bitcoin / Bitcoin Discussion / Re: Another Elon Musk fake giveaway. on: October 03, 2020, 04:34:23 PM
I wonder how is it so easy to scam people online because if you do it on social media then social media platforms have your details and IP addresses so you can be easily tracked.
So how is it that people scam others in such a way. Aren't they afraid of getting caught ?

If I were to scam somebody I would have to create a website and use IP masking techniques and fake IDs to host a website on some server with fake details.
Only then I would fear a little less but people here seem not to be afraid at all while using such lame scamming techniques.
4619  Bitcoin / Bitcoin Discussion / Re: 18.5 million BTC already mined on: October 03, 2020, 04:22:42 PM
Time is not on our side, 18.5 BTC has already been mined. So it means that only less than 2.5 BTC is left for us to grab and accumulate overtime. So make the right choice, invest while there is still time, as there will be demand in the future because supply is getting short.


https://coinmarketcap.com/

That's quite obvious isn't it. As the supply will decrease the demand will increase and that will make bitcoin's price pump.
Even if the demand does not increase the number of bitcoins in circulation will be limited and so the price is expected to pump as years pass by.
This is why many traders say that bitcoin will be worth a lot more in future.
4620  Bitcoin / Bitcoin Technical Support / Re: How is this possible ? A Recent transaction suddenly becomes invalid on: October 03, 2020, 03:48:49 PM
This is the first time I've heard that someone can cancel the first transaction which fee less and be replaced with a second transaction that fee more. This is a valuable lesson I learned today if I wanted to shop online. Before fund enter the wallet, no transaction is secure.
I think it's a trap that anyone looking to sell something online should avoid. I hope there are no other victim with similar cases, and for the OP I hope you can make this a valuable experience in terms of buying and selling online. It's safer to use Escrow if you want to make a larger transaction.
It's not cancelling a transaction it's basically rebroadcasting a transaction. It's like redoing your homework when you did it incorrectly the first time.
This is why it is expected for us to wait until 1-2 confirmations to make sure that the transaction is valid and is broadcasted correctly on the blockchain.
And only after 6 confirmations we can conclude that the amount is transferred from his wallet to our wallet.
These are some basic things one should learn before making trading bitcoin.
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